Over a long period of time, the price of a candybar rose from $0.20 to $1.20. Over the same period,the CPI rose from 150 to 300. Adjusted for overallinflation, how much did the price of the candy barchange?
Over a long period of time, the price of a candybar rose from $0.20 to $1.20. Over the same period,the CPI rose from 150 to 300. Adjusted for overallinflation, how much did the price of the candy barchange?
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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Question
Over a long period of time, the
bar rose from $0.20 to $1.20. Over the same period,
the CPI rose from 150 to 300. Adjusted for overall
inflation, how much did the price of the candy bar
change?
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